Ronald Cape to Receive 2007 Biotechnology Heritage Award

PHILADELPHIA & WASHINGTON--(BUSINESS WIRE)--Chemical Heritage Foundation (CHF) and the Biotechnology Industry
Organization (BIO) will present the ninth annual Biotechnology Heritage
Award to Ronald Cape, cofounder of Cetus Corporation. Cape is a true
visionary, a pioneer, and an entrepreneur gifted with considerable
research and business skills. The award, sponsored by Invitrogen
Corporation, will be presented at the 2007 BIO International Convention
in Boston.

“Cetus Corporation is widely recognized as the
first biotechnology company,” said James C.
Greenwood, president of BIO. “Ron Cape saw the
potential of biotechnology even before recombinant DNA. He helped to
create a new kind of company and with it launched the creation of a
whole new industry.”

About Ronald E. Cape

Cape, a partner at PureTech Ventures in Boston, cofounded Cetus in 1971
and served as its chairman for 20 years and CEO for 13 years, until
Cetus merged with Chiron Corporation in 1991. Cetus was a pioneer in
genetic engineering, developing a technology that was ultimately awarded
a Nobel Prize. Cape was the founding chairman of Darwin Molecular
Corporation, which was later sold to Chiroscience plc. He serves on the
board of EntreMed, Inc. and Neurobiological Technologies, Inc. He also
serves as a director for several privately held companies. Cape was a
founding member of the Industrial Biotechnology Association (now BIO),
where he served as president from 1983 to 1985. He is a fellow of the
American Academy of Arts and Sciences, the American Academy of
Microbiology, and the American Association for the Advancement of
Science.

About the Biotechnology Heritage Award

The Biotechnology Heritage Award is presented yearly at a special
ceremony during the BIO Annual International Convention to honor
individuals who have contributed significantly to the growth of
biotechnology through discovery, innovation, commercialization, and/or
public understanding. In honoring these individuals, the Chemical
Heritage Foundation and the Biotechnology Industry Organization seek to
encourage emulation, inspire achievement, and promote public
understanding of modern science, industry, and economics in this
rapid-growth area.

The award complements the mission of both organizations by advancing
their mutual goals of educating the public, nourishing a sense of pride
and community within the industry, and developing the record of the
remarkable contributions the molecular sciences make to our lives.
Previous award winners include Paul Berg, Herbert W. Boyer, Francis S.
Collins, Walter Gilbert, Leroy Hood, George B. Rathmann, William J.
Rutter, Phillip A. Sharp, Robert A. Swanson, J. Craig Venter and
Alejandro Zaffaroni.

The Biotechnology Industry Organization (BIO)

BIO represents more than 1,100 biotechnology companies, academic
institutions, state biotechnology centers, and related organizations
across the United States and in 31 other nations. BIO members are
involved in the research and development of health-care, agricultural,
industrial, and environmental biotechnology products. For more
information, please visit www.bio.org.

Invitrogen(TM)

CHF gratefully acknowledges Invitrogen
(http://www.invitrogen.com/),
sponsor of the 2007 Biotechnology Heritage Award. Invitrogen provides
products and services that support academic and government research
institutions and pharmaceutical and biotechnology companies worldwide in
their efforts to improve the human condition. The company is celebrating
20 years of accelerating scientific discovery.

About the Chemical Heritage Foundation

The Chemical Heritage Foundation serves the community of the chemical
and molecular sciences, and the wider public, by treasuring the past,
educating the present, and inspiring the future. CHF carries out a
program of outreach and interpretation in order to advance an
understanding of the role of the chemical and molecular sciences,
technologies, and industries in shaping society; maintains a world-class
collection of materials that document the history and heritage of the
chemical and molecular sciences, technologies, and industries; and
encourages research in its collections.

CHF regularly hosts seminars in biotechnology through its Joseph
Priestley Society as well as actively honoring, preserving, and
encouraging this vital and exciting field. Throughout the brief and
brilliant history of biotechnology, many leaders have been both
entrepreneurs and researchers bringing the fruits of their labors
rapidly to the global market while advancing our collective
understanding. CHF is proud to preserve this important area of human
endeavor.